What Parveen Industries does

Parveen Industries Pvt. Ltd., incorporated in Delhi in 1960, manufactures and globally markets oil and gas field equipment serving the upstream sector. Originally a steel pipe and conduit manufacturer, the company pivoted to oilfield equipment in 1974 and commenced in-house manufacturing of oilfield equipment at Badli, Delhi in 1983. Over four decades it has built a comprehensive product portfolio spanning the full well lifecycle: surface wellhead and Christmas tree systems (gate valves, choke valves, blowout preventers, choke and kill manifolds, flanges); downhole completion equipment (production packers, bridge plugs, cement retainers, SSSVs, gas lift equipment, hydraulic setting tools); wireline and coiled tubing intervention tools; and drilling/workover tools (mud valves, drill collars, stabilizers, unions, swivels). All products are manufactured to API specifications (API 6A, 11D1, 16C, 14A, 6D) under API monogram authorization (since 1993) and ISO 9001 quality management conformance, with NACE MR0175/ISO 15156 sour service and HPHT capability (2,000-15,000 PSI).

The company operates eight manufacturing facilities across India (Delhi, Navi Mumbai, Kundli, Igatpuri), including a fully automated machining center and an in-house forging plant, and employs approximately 1,000 people. Revenue is generated through B2B direct sales of API-compliant hardware to enterprise customers, primarily Indian National Oil Companies (ONGC, Oil India), private and joint-venture E&P operators including Cairn Oil & Gas (Vedanta), and international oil producers via export channels supported by Export House recognition. The company emphasizes a delivery time advantage of 4-6 weeks versus 16-20 weeks for imported equipment, application engineering support, and complete documentation packages for operator compliance. Supporting services include hot oiling, equipment re-certification, greasing and maintenance, hydraulic fracturing support, and gas lift valve calibration. Ownership is closely held with no identified institutional or private equity investors, and the company is managed by Director Prakash Kumar Mittal, who has led the firm since 1983.

Name

Parveen Industries

Legal name

Parveen Industries Private Limited

Website

https://parveen.in

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Parveen Industries manufactures and globally markets API-certified oilfield equipment, including wellheads, Christmas trees, valves, packers, and gas lift systems for Indian NOCs, private E&P operators, and international oil producers.

Ownership category

akta.pro rank

Product category

Oilfield Equipment Manufacturing

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL)

akta.pro secondary industries

Completion Tools & Subsurface Equipment (Packers, Liners, Valves, Sand Control) (EUALABAD), Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)

Keywords

• Oilfield equipment manufacturing
• Wellhead and Christmas trees
• Downhole completion tools
• Drilling pressure control
• Oil and gas production equipment

Headquarters

HQ city

Delhi

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Oilfield Equipment Manufacturing and Sales: Parveen Industries designs, manufactures, and globally markets oil and gas field equipment including wellheads, Christmas trees, gate valves, choke manifolds, production packers, gas lift equipment, wireline tools, and completion equipment. Revenue is generated through direct sales of manufactured equipment to oil and gas operators, with both domestic Indian and international customer bases. Equipment is sold as standard catalog items and custom-configured to operator specifications.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Parveen Industries designs, manufactures, and globally markets oil and gas field equipment for the upstream sector. The product portfolio spans the full well lifecycle from drilling through production completion, including wellhead and Christmas tree assemblies, gate and choke valves, blowout preventers, choke and kill manifolds, production packers, surface-controlled subsurface safety valves (SSSVs), gas lift equipment, wireline and coiled tubing tools, drilling/workover tools, cementing equipment, flanges, and unions. The company operates eight manufacturing facilities across India producing API-certified equipment.

Product overview

Parveen Industries is a manufacturer and global marketer of oil and gas field equipment serving the upstream sector. The portfolio comprises a comprehensive suite of products organized into categories: surface wellhead and Christmas tree systems (gate valves, choke valves, wellheads, X-mas trees, blowout preventers, choke and kill manifolds, flanges); downhole completion equipment (production packers, bridge plugs, cement retainers, SSSVs, gas lift equipment, hydraulic setting tools, cementing equipment); wireline and coiled tubing intervention tools; and drilling/workover tools (mud valves, drill collars, stabilizers, unions, swivels). The company operates eight manufacturing facilities in India and offers supporting services including hot oiling, equipment re-certification, greasing/maintenance, hydraulic fracturing support, and gas lift valve calibration. All products are manufactured to API specifications with API monogram certification and ISO 9001 quality management system compliance.

Differentiator

Problem solved

Functional benefit

Products and services

• Gate Valves

Quantifiable outcome

• API-compliant completion systems reduce intervention frequency by up to 30-40% in aging wells
• +4 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Teledyne Merla (merged with Halliburton)historical/coreStrategic or Co-development Partner · 1 January 1987Technical collaboration agreement for 8 years signed in 1987 with Teledyne Merla, USA (which later merged with Halliburton) to manufacture Gas Lift Equipment in India. This partnership enabled Parveen to indigenize gas lift technology and establish manufacturing capabilities for artificial lift equipment serving India's oilfields.

Scale indicators4 records

Recent moves15 records

Expansion highlights4 records

Direct peers

• TechnipFMC: Global oilfield equipment and services company with a major surface and subsea wellhead, Christmas tree, and pressure-control portfolio directly overlapping Parveen's API 6A/16A/16C product lines. Both serve NOCs and IOCs with API-monogram-certified manufacturing.
• SLB (Schlumberger) — Cameron: Through the legacy Cameron business, SLB is a leading global manufacturer of wellheads, Christmas trees, valves, and BOPs. Direct competitor in API-monogram-certified surface and downhole equipment for upstream operators.
• Forum Energy Technologies: Designs and manufactures subsea, surface, and downhole oilfield equipment including wellheads, valves, and intervention tools. Closely comparable in product mix and in serving E&P operators globally.
• Weir Oil & Gas: Manufactures pressure-control equipment, wellheads, and aftermarket services for upstream oil and gas. Overlaps with Parveen's valves, choke manifolds, and surface pressure-control portfolio across international operators.
• Velan Inc. Specialty manufacturer of industrial valves including API 6D and severe-service valves for oil and gas. Competes with Parveen's gate valve, choke valve, and valve-assembly product lines on enterprise tenders.

Broad incumbents

• National Oilwell Varco (NOV): Largest global oilfield equipment manufacturer spanning drilling, completion, and production equipment. Overlaps with Parveen across wellheads, BOPs, drilling tools, and pressure control but serves a much broader portfolio of geographies and customers.
• Baker Hughes: Major oilfield services and equipment company with substantial wellhead, drilling tools, and pressure-control offerings. Competes with Parveen on large enterprise tenders and is increasingly localizing manufacturing in India.
• Aker Solutions: Norwegian-headquartered provider of subsea production systems and wellhead equipment for global offshore and onshore operators. Comparable in API 6A wellhead and Christmas tree scope, but with a much larger subsea tilt.

Emerging players

• Tormene Group: Italian manufacturer of gas processing, wellhead, and modular equipment with niche overlap to Parveen's gas lift and pressure control lines. Smaller and more regionally focused, but technically comparable on artificial lift and surface equipment.

Regional players

• Sichuan Honghua Petroleum Equipment: Chinese manufacturer of drilling rigs, wellheads, and oilfield equipment primarily serving Asia and emerging markets. Comparable in product scope and cost-competitive positioning against Parveen in regional tenders, though not a direct competitor in India or the Middle East.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/parveen_in
• Facebookfacebook.com/parveenindustries

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Parveen Industries